Question: Which of the following statements is incorrect regarding audit procedures related to retained earnings? Group of answer choices Income statement accounts are normally audited in
Which of the following statements is incorrect regarding audit procedures related to retained earnings?
Group of answer choices
Income statement accounts are normally audited in the course of auditing related balance sheet accounts.
Dividend declarations can increase inherent risk related to the completeness of retained earnings.
Analytical procedures are often used in substantive testing.
None of the above all statements are correct.
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